GKP - Research

Yep its still in play but will be invalid if the price goes below 143.
The buy signal has not come yet so should be sitting on the side fence for the time being.


dl.dropboxusercontent.com/u/4899609/gkp11thmarch2014.png

Can someone please confirm if the 123 is still in play because todays action has in fact taken the sp below wave 2 which was 146.50

Hi jackozy,

Nice post, think you summerised it very well.

I agree with you and imo I think Gkp is abt to move up....I know there have been a lot of false dawns maybe just maybe, this time it maybe for real.

154 break n boom, 161, 167 next n rock n roll

Don't look now but is the bottom of this share finally in?

Weekly view:



dl.dropboxusercontent.com/u/20815047/FTS...KPweekly28_02_14.png

Higher high and higher low in this week's candle (after a doji last week) and closed above the main uptrend support.

Daily view:



dl.dropboxusercontent.com/u/20815047/FTS...GKPdaily28_02_14.png

Backtest of the wedge breakout on Thursday with a bullish candle on Friday taking out the highs of the previous two days and likely forming a higher low. Note also the RSI divergence which held perfectly on Friday.

All we need now is a close above 161.25 (161.75) and then an RSI breakout and we could be good to rock and roll...

Until we get those confirmations caution remains but I'm long with a first tranche with stops below 146.5p (or, safer, 143p).

low of 143
high of 161.75

SirRichardBunson wrote: Remo Can you give some exact numbers please, unfortunately my ADVFN and iii differ on the highs and lows of Wave 1 of this possible 123 low, I have possible low 143 and high 161.25, thanks

Hi SRB,

PRT has 143.0 and 160.55p on their EOD charts but I'm sure it had 161.25p yesterday on that.

What's 0.7p between friends? )